Do we still need the World Bank, given how much the global financial sector has expanded since the institution was founded? The paper argues that there is a continuing role for the Bank and that it is complementary to private finance.
As it approaches its 75th anniversary that’s the question I put to Shanta Devarajan, the Bank’s Chief Economist for the Middle East and North Africa in our latest CGD podcast.
This weekend’s spring meetings of the World Bank and IMF take place in the context of a fragile global recovery and the need to balance the risks of asset bubbles caused by expansive monetary policy with those of slowing growth through hiking interest rates.
